Australian Company Law and Share Issuance
VerifiedAdded on 2020/05/16
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AI Summary
This assignment delves into specific aspects of Australian company law. It outlines the characteristics and limitations of 'no-liability companies' (NL), which are exclusively for mining purposes, and 'companies limited by guarantee' (LMGT), whose activities are confined to charitable endeavors. The document further explains the procedures for issuing shares other than through cash transactions, emphasizing the required forms and certifications for both public and proprietary companies. It concludes with guidance on providing supplementary information through annexures and details about privacy considerations and lodgement procedures.
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